Egypt’s First Group to launch new flagship in Ain Sokhna next year

Egypt’s property developer First Group is planning to launch a new residential and touristic project in Ain Sokhna with targeted revenues of 6 billion Egyptian pounds, its chairman Bashir Mustafa announced.

The project is in the new City of Galala, located between Ain Sokhna and Zafarana, spanning over 85 feddans with total investments of 2.2 billion Egyptian pounds.

He added that the company will start establishing the project and launch it for customers by the third quarter of 2019.

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